Studio · 418 sqftMag 890, District Seven · 4th floor · completed 2023

416, Mag 890

Sold prices and rental history: sold once, by the developer in September 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 416 · DLD and Ejari recordsUpdated 6 September 2020
Last soldAED 521K6 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 416, Mag 890

What is 416 worth today?

Last sold for AED 521,000 in 2020

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6 Sep 2020Sold by developerOff-plan
AED 521,000AED 1,246 per sqft

Source: Dubai Land Department. Updated 6 September 2020.

Key facts

Type
Studio apartment
Size
418 sqft
Floor
4th of 8
Parking
1
Developer
MAG
Completed
2023
Last sold
AED 521K · September 2020
Building
Mag 890

About 416, Mag 890

416 is a studio of 418 sqft on the 4th floor of Mag 890, a 8-storey tower in District Seven completed in 2023 by MAG. The developer sold it on 6 September 2020 for AED 521,000, or AED 1,246 per sqft, 19% above the AED 1,043 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 416 over time

Sales
Unit 416, each saleTypical studio in Mag 890
400K600K800K20192021202320252027Typical sale price by year: 2019 AED 425,000; 2020 AED 431,100; 2021 AED 518,000; 2022 AED 490,000; 2023 AED 602,500; 2024 AED 665,000; 2025 AED 755,000; 2026 AED 775,000Sold by developer, September 2020: AED 521,000 (AED 1,246 per sqft)

416 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 416, each contractTypical studio in Mag 890
50K53K55K2024202520262027Typical rent by year: 2024 AED 50,000; 2025 AED 55,000; 2026 AED 55,000

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Mag 890, and where 416 sits

All 104 studios →

416 last sold in September 2020 at AED 1,246 per sqft, 19% above what studios in Mag 890 were fetching at the time (AED 1,043). Over the last 12 months studios sold for AED 607,782 to 800,000, around AED 1,874 per sqft, and rent for AED 40,000 to 65,000 a year.

Recent studio salesUnit no.Price (AED)Summary
16 Oct 2026670,000
10 Aug 202633,116
12 May 2026800,000
16 Apr 2026607,782
10 studio sales in the last 12 months

Mag 890

Building

128 apartments, studios to 1-bed over 8 floors in District Seven, completed in 2023 by MAG. 12 sold in the last 12 months.

Typical price per sqft
AED 1,855 Up 8.0%
Typical sale
AED 775K
Typical rent
AED 57K /yr
Typical yield
7.0%
Mag 890, District Seven: prices, sales and rents →

Other units on the 4th floor

All 128 units in Mag 890
Value
401StudioAED 516K · Dec 2020
402StudioAED 620K · Nov 2023
403StudioAED 780K · Oct 2022
404StudioAED 410K · Jun 2019
405StudioAED 670K · Oct 2026
406StudioAED 780K · Mar 2026
407StudioAED 432K · Dec 2020
1–7 of 15

416, Mag 890 in numbers

  • Sold once: by MAG on 6 September 2020 for AED 521,000, or AED 1,246 per sqft.
  • Studios in Mag 890 sold for AED 607,782–800,000 in the 12 months to November 2026; the building's median across all types is AED 1,855 per sqft.

Source: Dubai Land Department. Updated 6 September 2020.

Questions about 416, Mag 890

What did unit 416 last sell for?

AED 521,000 on 6 September 2020, sold by the developer: AED 1,246 per sqft for 418 sqft. It is the only registered sale of the unit.

How big is unit 416?

418 sqft (38.8 sqm): a studio on the 4th floor of a 8-storey tower completed in 2023.

What is unit 416 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Mag 890 sold for AED 607,782 to 800,000 in the last 12 months, around AED 1,874 per sqft.

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Mortgage on 416, Mag 890

Starts from the last sale price (AED 521K, 6 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 521,000
Deposit, UAE resident (20%)
AED 104,200
Deposit, non-resident (40%)
AED 208,400
Monthly over 25 years at 3.7%
AED 2,132

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →